In Mcx Market Gold prices
gained in Asia on bargain hunting after an upbeat assessment on the U.S.
economy by a Fed official dimmed hit the metal overnight.MCX GOLDM July contract
was trading at Rs 28184 up Rs 58, or 0.21 percent. The GOLDM rate touched an
intraday high of Rs 28236 and an intraday low of Rs 28111. So far 1537
contracts have been traded. GOLDM prices have moved down Rs 166, or 0.59
percent in the July series so far.
MCX SILVER September contract was trading at Rs 45070 down
Rs 56, or 0.12 percent. The SILVER rate touched an intraday high of Rs 45355
and an intraday low of Rs 44989. So far 1412 contracts have been traded. SILVER
prices have moved down Rs 1930, or 4.11 percent in the September series so far.
Natural gas
futures fell on Thursday after official data revealed U.S. inventories rose
more than markets were expecting last week. The August contract settled up
0.29% on Wednesday to end at $4.569 per million British thermal units. Natural
gas futures were likely to find support at $4.364 per million British thermal
units, the low from May 27, and resistance at $4.607, the session high.
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